BUZZ - Cisco shares rise after raising annual revenue forecast

November 12 - ** Network equipment manufacturer Cisco Systems CSCO.O saw its share price rise about 2% in after-hours trading, to $103.89

** The company raised (link) its full-year revenue forecast, betting on strong demand for its artificial intelligence networking equipment and cybersecurity tools

** The company now expects fiscal 2027 revenue to be between $74.8 billion and $75.8 billion, up from its previous forecast of $72.2 billion to $73.4 billion

** CSCO's first-quarter revenue and adjusted profit both exceeded market expectations

**According to data compiled by London Stock Exchange Group (LSEG), the company reported quarterly revenue of $18.52 billion, above the analysts’ average estimate of $18.14 billion

** First quarter adjusted earnings per share were $1.40, higher than the expected $1.33

** As of the previous trading day's close, the stock had gained about 32% year to date

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